Really, a single-restaurant franchise? Does McD even do that?I really like McDonald's.
My wife is seriously considering opening one.
Really, a single-restaurant franchise? Does McD even do that?
In Canada I know that you can get the deals on the app but then use a different method of payment, as long as there is a kiosk in that location. You just get the code from the app that links to your account (and the deals/rewards) and then key that in at the kiosk. I got a McDonald’s gift card for Christmas and I was able to get the deals from my app via the kiosk and pay for it with the gift card. You could also then pay in cash if you want but then you have to finish the transaction at the front counter.I'm not much of an App person, to use the McDonald's App, and get the "deals" do you have to pay with the App? I refuse to have a credit card on my phone, it's an unknown risk. Prefer to go in and pay cash or at the drive-through, not a fan of those either. I think Joe Peschi had the definitive statement on drive-throughs in one of the Lethal Weapon movies.
I hope you're talking about fryer oils.Hope y'all got better taste in oils than dining.
In Canada I know that you can get the deals on the app but then use a different method of payment, as long as there is a kiosk in that location. You just get the code from the app that links to your account (and the deals/rewards) and then key that in at the kiosk. I got a McDonald’s gift card for Christmas and I was able to get the deals from my app via the kiosk and pay for it with the gift card. You could also then pay in cash if you want but then you have to finish the transaction at the front counter.
The only rude, or not helpful McDonald's employee I ever saw, was in Seattle Washington.
This guy wanted to be a jerk, so I yelled out 'Can i get a manager over here please'. A manager was there in under 5 seconds, i told her that her employee was being a jerk, and she told him to go away. She took my order, apologized, and comped my whole meal.
Given a huge part of this equation is real estate - how does that work? Is it a traditional 5 year CRE note? Do you get your own financing or is McDonalds the financier? Were at 15+ year highs on interest rates.I really like McDonald's.
My wife is seriously considering opening one.
I despise A&W food the most of any fast food chain.
I don’t think McDonald’s would even allow there to be two locations that are close to each other. The only time I see two McDonald’s close to each other in my area is when one of them is inside a Walmart.Given a huge part of this equation is real estate - how does that work? Is it a traditional 5 year CRE note? Do you get your own financing or is McDonalds the financier? Were at 15+ year highs on interest rates.
I guess the other part is location. You need a good location, without another Mcdonalds next door.
Its relative. Like in the inner city 3 blocks away is likely far enough. Where I live everything is 3 miles away. For years we had one McDonalds (it was terrible). Within the last couple years they put another about 3 miles away. Realize there are many cows still living in that 3 miles - possible not for long with development - but I would have to think the new one is pulling some traffic from the old one. There on the same route home for many people.I don’t think McDonald’s would even allow there to be two locations that are close to each other. The only time I see two McDonald’s close to each other in my area is when one of them is inside a Walmart.
Inherited dough?We would buy the land outright, and build the building.
The next nearest McDonald's would be 9 kms away.
Because of a NDA I'm unable to say why, but last year the wife and I became cash flush, so she has the money to build it outright.
I know that everyone has their own reasons for doing things but if I had enough money to open a McDonald’s I would rather invest that money and let it work for me than to go through the hassle of running one and possibly not making money for a few years time.
@Patman , is it reasonable to assume the powerful return on stocks/equities over the past few decades may come to an end? If so, how should a person utilize their assets to generate wealth?I know that everyone has their own reasons for doing things but if I had enough money to open a McDonald’s I would rather invest that money and let it work for me than to go through the hassle of running one and possibly not making money for a few years time.